Civic Intelligence

Regent College Foundation

990 • Fiscal year 2016 • EIN 91-1220704

Jun 01, 2015 to May 31, 2016 • Filed on Dec 13, 2016

Organization Profilewww.rcfusa.org
PO Box 33276Seattle, WA 98133

(425) 744-2322

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

2nd percentile

-66%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-5.6%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$84,688

Down $167,756 (-66%) from 2015

Net Assets

Down

$83,274

Down $167,356 (-67%) from 2015

Liabilities

Down

$1,414

Down $400 (-22%) from 2015

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin12th percentile

Revenue

Down

$627,741

Down $37,051 (-5.6%) from 2015

Expenses

Up

$795,097

Up $57,199 (+7.8%) from 2015

Net Income

Down

-$167,356

Down $94,250 (-129%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $688,196Liabilities 2011: $876Net Assets 2011: $687,3202011Assets 2012: $322,872Liabilities 2012: $2,369Net Assets 2012: $320,5032012Assets 2013: $464,011Liabilities 2013: $1,893Net Assets 2013: $462,1182013Assets 2014: $324,066Liabilities 2014: $330Net Assets 2014: $323,7362014Assets 2015: $252,444Liabilities 2015: $1,814Net Assets 2015: $250,6302015Assets 2016: $84,688Liabilities 2016: $1,414Net Assets 2016: $83,2742016Assets 2017: $85,531Liabilities 2017: $898Net Assets 2017: $84,6332017Assets 2018: $160,811Liabilities 2018: $1,379Net Assets 2018: $159,4322018Assets 2019: $709,317Liabilities 2019: $1,866Net Assets 2019: $707,4512019Assets 2020: $53,747Liabilities 2020: $3,285Net Assets 2020: $50,4622020Assets 2021: $711,353Liabilities 2021: $1,868Net Assets 2021: $709,4852021Assets 2022: $182,703Liabilities 2022: $2,914Net Assets 2022: $179,7892022Assets 2023: $60,136Liabilities 2023: $1,462Net Assets 2023: $58,6742023Assets 2024: $53,580Liabilities 2024: $6,128Net Assets 2024: $47,4522024Assets 2025: $55,058Liabilities 2025: $1,224Net Assets 2025: $53,8342025

Highlighted filing

2016

Assets$84,688
Liabilities$1,414
Net Assets$83,274
Open 2016 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $492,7532011Expenses 2012: $1,081,7472012Expenses 2013: $1,232,2112013Revenue 2014: $678,858Expenses 2014: $817,240Net Income 2014: -$138,3822014Revenue 2015: $664,792Expenses 2015: $737,898Net Income 2015: -$73,1062015Revenue 2016: $627,741Expenses 2016: $795,097Net Income 2016: -$167,3562016Revenue 2017: $630,531Expenses 2017: $629,172Net Income 2017: $1,3592017Revenue 2018: $2,111,917Expenses 2018: $2,037,118Net Income 2018: $74,7992018Revenue 2019: $1,172,921Expenses 2019: $624,901Net Income 2019: $548,0202019Revenue 2020: $644,671Expenses 2020: $1,301,660Net Income 2020: -$656,9892020Revenue 2021: $1,318,493Expenses 2021: $659,470Net Income 2021: $659,0232021Revenue 2022: $2,359,102Expenses 2022: $2,888,798Net Income 2022: -$529,6962022Revenue 2023: $638,798Expenses 2023: $759,913Net Income 2023: -$121,1152023Revenue 2024: $635,656Expenses 2024: $646,878Net Income 2024: -$11,2222024Revenue 2025: $574,985Expenses 2025: $568,603Net Income 2025: $6,3822025

Highlighted filing

2016

Revenue$627,741
Expenses$795,097
Net Income-$167,356
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Dec 13, 2016
Return Version
2015v2.1
Gross Receipts
$659,859
Mission and Program Overview

Mission

Regent college foundation supports graduate-level theological education that cultivates intelligent, vigorous, and joyful commitment to jesus christ, his church, and his world.

Promoting theological education & providing financial assistance to theological education institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$185,630$73,682▼ $111,948
Pledges and Grants Receivable$55,600--
Savings and Temporary Cash Investments$10,000$10,022▲ $22
Prepaid Expenses and Deferred Charges$984$984→ $0
Land, Buildings, and Equipment, Net$230$0▼ $230
Total Assets$252,444$84,688▼ $167,756
Liabilities
Accounts Payable and Accrued Expenses$1,814$1,414▼ $400
Total Liabilities$1,814$1,414▼ $400
Net Assets / Fund Balance
Unrestricted Net Assets$148,550$66,334▼ $82,216
Temporarily Rstr Net Assets$102,080$16,940▼ $85,140
Total Net Assets Fund Balance$250,630$83,274▼ $167,356
Total Liabilities and Net Assets / Fund Balance$252,444$84,688▼ $167,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,158$1,158
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ross StewartPresident
Dan EernisseeVice President
Abraham GalianoTrustee
Carrie GiddingsTrustee
David McFarlandTrustee
Michael PurdySecretary
Chris FankhauserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$627,665
Program Service Revenue
$0
Investment Income
$76
Other Revenue
$0
All Other Contributions
$627,665
Change in Net Assets
$-167,356

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$32,173
Total Noncash Contributions5$32,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$627,741
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$627,741
Total Revenue per Form 990
$627,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$776,000
Other Expenses$19,097
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$776,000--$776,000
Fees for Services Accounting-$6,000-$6,000
Fees for Services Other-$5,136-$5,136
Other Expenses-$2,326-$2,326
Insurance-$1,969-$1,969
Depreciation Depletion-$230-$230
Total Functional Expenses$776,000$19,097$0$795,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$795,097
Total Expenses per Audited Statements$795,097
Total Expenses per Form 990$795,097
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
0
Spending
$776,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesFinancial assistance to institutions which carry on theological education10$776,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The board delegated authority for the supervision of Kristy Rickman (Bookkeeper) to Richard Thompson, Director of Principal Giving at Regent College”

Form 990, Part VI, Section B, line 11

“The Treasurer reviews and approves”

Form 990, Part VI, Section C, line 19

“By posting online or sending a hard copy upon request.”

Filing and Contact Details

Filer

Filer Name
Regent College Foundation
EIN
91-1220704
Phone
4257442322
Address
PO Box 33276, Seattle, WA 98133

Signing Officer

Name
Ross Stewart
Title
President
Phone
4257442322
Signed
2016-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ross Stewart
Formed
1983
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Watson & McDonell PLLC
Address
1325 4th Avenue Suite 1705, Seattle, WA 98101-2528
Preparer
Susan Reilly
Phone
2066242380
Raw XML AppendixShowing 400 of 401 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01158
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0795097
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0627741
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0795097
IRS990ScheduleD/TotalRevenuePerForm990Amt0627741
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0627741
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0795097
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0776000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Financial assistance to institutions which carry on theological education
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0776000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0To assist Regent College in its activities, primarily for special projects.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0US dollars
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0776000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0All grantees are required to report back to the Board on how the funds were used in order to make sure that their activity was in compliance with their stated proposals and with the mandate of Regent College Foundation
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Accrual
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 3:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0776000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt05
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt032173
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board delegated authority for the supervision of Kristy Rickman (Bookkeeper) to Richard Thompson, Director of Principal Giving at Regent College
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer reviews and approves
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2By posting online or sending a hard copy upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0102080
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016940
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0252444
IRS990/TotalAssetsEOYAmt084688
IRS990/TotalAssetsGrp/BOYAmt0252444
IRS990/TotalAssetsGrp/EOYAmt084688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0627665
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019097
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0776000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0795097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01814
IRS990/TotalLiabilitiesEOYAmt01414
IRS990/TotalLiabilitiesGrp/BOYAmt01814
IRS990/TotalLiabilitiesGrp/EOYAmt01414
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0250630
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083274
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0776000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt076
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0627741
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0252444
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt084688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0148550
IRS990/UnrestrictedNetAssetsGrp/EOYAmt066334
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 33276
IRS990/USAddress/CityNm0Seattle
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098133
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.rcfusa.org
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0Following is our explanation of the late filing of the 2015 Form 990.What prevented Regent College Foundation from requesting an extension of time to file its return: During 2015 Regent College Foundation's outside accountants changed their extension process; the accountant failed to file the extension due to administrative error and due to the fact that Regent College Foundation has an unusual year end. How Regent College Foundation was not neglectful or careless, but exercised ordinary business care and prudence: Regent College Foundation thought that the extension had been filed by the accountants; due to the administrative error on the part of the outside accountants, the extension was not filed timely. This was not neglectful or careless on Regent College Foundation's part, the lack of filing the extension was just an administrative error on the part of the outside accountants.What steps have been taken to prevent the same situation from occurring in the future: the outside accountants have systems in place for all existing organizations to insure that extensions are filed timely.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ross Stewart
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04257442322
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Regent College Foundation
ReturnHeader/Filer/BusinessNameControlTxt0REGE
ReturnHeader/Filer/EIN0911220704
ReturnHeader/Filer/PhoneNum04257442322
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 33276
ReturnHeader/Filer/USAddress/CityNm0Seattle
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098133
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721607347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Watson & McDonell PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01325 4th Avenue Suite 1705
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seattle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981012528
ReturnHeader/PreparerPersonGrp/PhoneNum02066242380
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan Reilly
ReturnHeader/ReturnTs02016-12-13T09:21:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,688
Liabilities
$1,414
Net assets
$83,274
Revenue
$627,741
Expenses
$795,097
Net income
-$167,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.05$0.57$0.57$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.05$0.64$0.65$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.64$0.76$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$2.36$2.89$0.53
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.32$0.66$0.66
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.64$1.30$0.66
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.17$0.62$0.55
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$2.11$2.04$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.08$0.63$0.63$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.63$0.80$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.66$0.74$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.68$0.82$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$1.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.49